Madera Industrial Market Statistical Report-2Q 2015

The first quarter of the year brought the beginning of positive change for the industrial market. However, a recent survey showed no significant new activity during the second quarter. The vacancy rate remains unchanged from the first quarter of the year.

Infrastructure for the FreedomIndustrialPark continues to move forward with ground breakingon the first buildings anticipated by the end of the year.

Work is nearly complete on the newsheriff’s office located in the Airport IndustrialPark.Personnel are expected to move in by the end ofJuly.

High-Speed Rail construction officially began on a 1,600-footviaductoverthe Fresno River. The work is part of the first construction segment in the state.

Economicindicatorsremain positive. According to a June report in The BusinessJournal, Madera County has a 9.5percentunemployment rateforJune, down from 9.7 percent in May and below 10.4percent in June 2014.

Another recent report produced byFresno State’s Craig School of Business shows healthy economic growth in the counties of Fresno, Madera, Kings and Tulare. The report also notes that manufacturers are adding jobs.The report can be accessed at the following link. (Click Here)

Information about available properties and money-saving incentives in Madera County can be found on the Madera Economic DevelopmentCommission website at www.maderacountyedc.com.